Two State Fund board members have been reappointed for another term of service.
Governor Brown has re-appointment Daniel M. Curtin for another term. He joined State Fund's Board of Directors in 2009 as part of California’s workers’ compensation reform and State Fund’s board expansion. Curtin has served as Director of the California Conference of Carpenters and on several other boards and commissions.
Speaker of the Assembly John A. Perez has re-appointed Thomas E. Rankin as the board’s Assembly designee to represent organized labor. Rankin is the president emeritus of the California Labor Federation, AFL-CIO and a former Executive Director of Worksafe, a California-based advocacy organization dedicated to eliminating all types of workplace hazards. Rankin also joined the board in 2009.
Rankin and Curtin will both serve on State Fund’s Board of Directors for 5-years.
EDITOR’S NOTE: Established in 1914 by the state legislature, State Fund is California’s largest provider of workers’ compensation insurance and a vital asset to California businesses. Completely self supporting, State Fund plays a stabilizing role in California’s economy by maintaining an open door policy that ensures all employers have a strong and stable option for their workers’ compensation needs.
Under California law it is unlawful for an insurer to promise the future payment of dividends under an unexpired workers' compensation insurance policy or to misrepresent the conditions for dividend payment. Dividends are payable only pursuant to conditions determined by the Board of Directors or other governing board of the Company following policy expiration. It is a misdemeanor for any insurer or officer or agent thereof, or any insurance broker or solicitor, to promise the payment of future workers' compensation dividends. Past dividend performance is no guarantee of an insurer's future dividend performance.